According to @business, Senegal’s prime minister opposed a proposed restructuring of the country’s debt, signaling a determination to maintain financial sovereignty and preserve market access (source: @business). According to @business, this official stance reduces the likelihood of pursuing a restructuring path and instead points to continued engagement with markets under existing terms (source: @business). According to @business, traders should watch Senegal’s sovereign Eurobond prices and CDS levels for immediate repricing of perceived default risk as authorities signal next steps (source: @business).

According to The Kobeissi Letter, the cost of insuring US government debt via 1-year credit default swaps (CDS) has surged to 52 basis points, marking the highest level since the 2023 debt ceiling crisis and the highest in 12 years excluding that event (source: The Kobeissi Letter, May 31, 2025). This elevated default risk has triggered renewed market volatility, leading traders to seek alternative assets like Bitcoin and stablecoins as hedges against potential US Treasury instability. Rising CDS premiums indicate growing concerns over US fiscal stability, which historically correlates with increased capital flows into the cryptocurrency market as investors look for safe-haven assets in times of sovereign risk.